Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells 460 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 460 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.33, for a total value of $12,111.80. Following the completion of the sale, the insider now directly owns 21,298 shares of the company’s stock, valued at approximately $560,776.34. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TTM Technologies Stock Down 1.2 %

TTMI opened at $26.02 on Friday. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The business has a 50-day moving average of $25.33 and a 200-day moving average of $22.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a market capitalization of $2.65 billion, a PE ratio of 48.19 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TTMI shares. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective for the company. Needham & Company LLC increased their price objective on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in TTMI. Quadrant Capital Group LLC increased its holdings in shares of TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company’s stock valued at $139,000 after acquiring an additional 442 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company’s stock valued at $490,000 after acquiring an additional 602 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of TTM Technologies by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after acquiring an additional 659 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock valued at $288,000 after acquiring an additional 940 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.